INTERNATIONAL BUSINESS THE
CHALLENGES OF GLOBALIZATION EXAM
SCRIPT UPDATED QUESTIONS AND
ACCURATE ANSWERS FULL SOLUTION
●● Foreign Business
Answer: Denotes the operations of a company outside its home or
domestic market.
●● International Company
Answer: A company with operations in multiple nations.
●● External Forces
Answer: Uncontrollable forces that management has no direct control
over.
●● Internal Forces
Answer: Forces that management has some control over.
●● Domestic Environment
Answer: All the forces that influence the life and development of the
firm.
,●● Foreign Environment
Answer: Uncontrollable forces originating outside the home country.
●● International Environment
Answer: Includes interactions between domestic and foreign
environmental forces and between the foreign environmental forces of
two countries.
●● Self-reference Criterion
Answer: Some managers will ascribe to others their own preferences and
reactions.
●● Drivers of Internationalization
Answer: Factors leading firms to internationalize their operations.
●● Examples of External Forces
Answer: Competitive, Distributive, Economic, Socioeconomic,
Financial, Legal, Physical, Political, Sociocultural, Labor,
Technological.
●● Impact of Political Force
Answer: Changes in an external force, such as the political force
associated with the U K voting to leave the European Union (E U), can
, affect all controllable forces of firms that do business with or in the E U
nations.
●● Importance of International Experience
Answer: International experience is valuable for new hires and mid-
career individuals who aspire to higher positions and greater
responsibility.
●● Role of CEOs in International Business Education
Answer: CEOs believe that a number of courses in the international
business curriculum are relevant to their companies.
●● Characteristics of Foreign Experience
Answer: Reflects independence, resourcefulness, and entrepreneurship.
●● Complexity of Decision Making
Answer: Decision making is more complex in the international
environment.
●● Interrelated Forces
Answer: Forces in the foreign environment operate differently than
forces in the domestic environment for many reasons, including different
values and difficulty of access.
CHALLENGES OF GLOBALIZATION EXAM
SCRIPT UPDATED QUESTIONS AND
ACCURATE ANSWERS FULL SOLUTION
●● Foreign Business
Answer: Denotes the operations of a company outside its home or
domestic market.
●● International Company
Answer: A company with operations in multiple nations.
●● External Forces
Answer: Uncontrollable forces that management has no direct control
over.
●● Internal Forces
Answer: Forces that management has some control over.
●● Domestic Environment
Answer: All the forces that influence the life and development of the
firm.
,●● Foreign Environment
Answer: Uncontrollable forces originating outside the home country.
●● International Environment
Answer: Includes interactions between domestic and foreign
environmental forces and between the foreign environmental forces of
two countries.
●● Self-reference Criterion
Answer: Some managers will ascribe to others their own preferences and
reactions.
●● Drivers of Internationalization
Answer: Factors leading firms to internationalize their operations.
●● Examples of External Forces
Answer: Competitive, Distributive, Economic, Socioeconomic,
Financial, Legal, Physical, Political, Sociocultural, Labor,
Technological.
●● Impact of Political Force
Answer: Changes in an external force, such as the political force
associated with the U K voting to leave the European Union (E U), can
, affect all controllable forces of firms that do business with or in the E U
nations.
●● Importance of International Experience
Answer: International experience is valuable for new hires and mid-
career individuals who aspire to higher positions and greater
responsibility.
●● Role of CEOs in International Business Education
Answer: CEOs believe that a number of courses in the international
business curriculum are relevant to their companies.
●● Characteristics of Foreign Experience
Answer: Reflects independence, resourcefulness, and entrepreneurship.
●● Complexity of Decision Making
Answer: Decision making is more complex in the international
environment.
●● Interrelated Forces
Answer: Forces in the foreign environment operate differently than
forces in the domestic environment for many reasons, including different
values and difficulty of access.
